Insights

LOS ANGELES- The intersection of aging and mental health has always been a focal point for researchers. With a burgeoning elderly population, the emphasis on promoting healthy aging has never been more critical. Enter psychedelic therapies — a once-controversial field, now heralded as a potential revolution in geriatric care. The profound effects of these therapies ...

LEXINGTON. — In an effort to tackle the persistent issue of opioid addiction, the Kentucky Opioid Abatement Advisory Commission is exploring the potential of ibogaine, a naturally occurring psychedelic. During a recent session, the commission reviewed testimonies from over a dozen individuals, both professionals and those with personal experiences, detailing their encounters with the substance ...

VANCOUVER, — Magdalena Biosciences, in collaboration with Filament Health and Jaguar Health Inc., has imported coca leaves into Filament's research facility located in Vancouver. The acquisition, facilitated under the authorization of the Peruvian Health Authority, is sourced from Peru's sole approved coca distributor, Empresa Nacional de la Coca (ENACO). The coca leaves, now overseen by ...

FARRIS FORWARD: Welcome to Farris Forward, a new series of articles curated by Jon Farris and distributed by Highly Capitalized. The series highlights the insights and strategies being deployed by industry insiders and experts, offering a glimpse into the dynamic world of the cannabis sector. As the industry evolves, operators are encouraged to follow Farris ...

LOS ANGELES- California lawmakers are moving forward with legislation aimed at enhancing the rights of cannabis consumers. Two significant bills have advanced to Governor Gavin Newsom's desk, which could potentially alter the current state of cannabis consumption and employment rights concerning the use of the substance. Expanding Access to Medical Cannabis in Healthcare Settings Senate ...

LOS ANGELES- In a critical move to stabilize its financial position, psychedelic pharmaceutical biotech firm Clearmind Medicine Inc. has successfully completed a public offering exclusive to the United States, amassing approximately $2.25 million in funds. The offering comprised 7,500,000 common shares, as well as an equal number of pre-funded and common warrants. The newly-acquired funds ...

LOS ANGELES- COMPASS Pathways, a biotechnology company at the forefront of mental health innovation, recently secured $285 million in private financing to further its research into the potential benefits of psychedelic medicines. The infusion of funds, expected to sustain the company's operations until late 2025, comes from 11 leading investment firms, including TCGX and Aisling ...

PHOENIX-  Employees at a Curaleaf Holdings Inc. dispensary in Phoenix took a bold step last Friday, initiating a strike aimed at pushing the company's executives to actively engage in contract negotiations. This marks a historic movement, being the first time cannabis industry workers have engaged in a strike in Arizona. Growing Frustration Over Unmet Contract ...

LOS ANGELES-- In a historic maneuver that might change the trajectory of mental health treatment and drug policy in the Golden State, California inches closer to embracing the potential therapeutic benefits of psychedelics. Spearheaded by Senator Scott Wiener, Senate Bill 58 (SB 58) has finally arrived at the Governor Gavin Newsom's desk, promising to inaugurate ...

NEW YORK- In a move to revitalize the cannabis industry in New York, the state has announced plans to commence the acceptance of cannabis industry applications from the general public and current medical cannabis companies starting October 4. This decision comes as a response to the sluggish rollout of the industry and a recent lawsuit ...

LOS ANGELES-- In a recent development that underscores the ongoing debates surrounding the regulation of hemp products, a federal lawsuit has been filed against the state of Virginia, challenging the newly instituted THC limits on hemp products. The plaintiffs, comprising two hemp enterprises and a consumer, assert that the restrictions, which commenced on July 1, ...

LOS ANGELES-- In a recent report from the Michigan Cannabis Regulatory Agency, the state's cannabis market demonstrated a robust performance, maintaining a steady pace in sales throughout August. According to the data, sales in August were nearly identical to those in July, registering a slight dip from $276.7 million to $276.3 million. This figure represents ...

FARRIS FORWARD: Welcome to Farris Forward, a new series of articles curated by Jon Farris and distributed by Highly Capitalized. The series highlights the insights and strategies being deployed by industry insiders and experts, offering a glimpse into the dynamic world of the cannabis sector. As the industry evolves, operators are encouraged to follow Farris ...

DALLAS -In the midst of a shifting national perspective on cannabis legalization, Texas finds itself at a pivotal juncture, where economic prospects are being meticulously weighed against deeply entrenched cultural values and public safety concerns. The state, which boasts a rich history of autonomy dating back to its days as an independent republic, is witnessing ...

DALLAS- In the heart of Texas, a state steeped in a tradition of independence and self-reliance, a grassroots movement is taking shape that could potentially alter the legal landscape surrounding cannabis possession and use. Several of its prominent cities are spearheading initiatives to lessen the penalties associated with cannabis possession, signaling a possible shift towards ...

LOS ANGELES -- In a significant development in the biopharmaceutical sector, MindMed, a clinical-stage company listed on NASDAQ and NEO has successfully wrapped up the enrollment and dosing phase of a critical study, MMED008. This Phase 2b study is centered on evaluating the efficacy of MM-120 (lysergide D-tartrate) in treating individuals with Generalized Anxiety Disorder ...

LOS ANGELES-- A recent survey conducted by the University of South Florida and Florida Atlantic University has revealed that a substantial majority of Floridians are in favor of legalizing adult-use cannabis, with a significant portion also supporting the state's existing medical cannabis program. According to the poll, 60% of the respondents expressed support for the ...

LOS ANGELES-- In a significant development in the burgeoning field of psychedelic medicine, Filament Health, a publicly traded company, has entered into a licensing agreement with biotech firm Reset Pharmaceuticals Inc. The collaboration aims to explore the potential of a psychedelic-based drug in treating severe emotional distress, particularly demoralization syndrome, commonly experienced by cancer patients. ...

LOS ANGELES-- In a move to foster community engagement and gather diverse perspectives, the Colorado Natural Medicine Division, operating under the Department of Revenue, has announced a series of "listening sessions" scheduled throughout September and October. These sessions are designed to inform the public and engage stakeholders in the development of the regulated access regulations ...

DALLAS- In the midst of a nationwide shift towards the acceptance of cannabis use, Texas remains a bastion of resistance, holding firmly to its stringent regulations surrounding the substance. As the nation grapples with evolving perspectives on cannabis legalization, the Lone Star State stands at a crossroads, balancing its deep-rooted traditions with a burgeoning public ...

LOS ANGELES-- In a significant move that could potentially reshape the cannabis landscape in North Carolina, the Eastern Band of Cherokee Indians (EBCI) has voted in favor of advancing cannabis reform within their territory. The decision, which came through a tribal vote on September 7, saw a 70% majority (2,464-1,056) favoring the reform, according to ...

LOS ANGELES-- Recent data published in the Journal of Addiction Medicine indicates a decline in cannabis treatment referrals for young individuals following the legalization of the substance. The study, conducted by researchers at Temple University, analyzed trends in criminal justice referrals for cannabis use disorder (CUD) treatment between 2008 and 2019 in the United States. ...

LOS ANGELES-- In a significant development in the burgeoning cannabis industry, workers at three Rise dispensaries in Illinois have successfully ratified their inaugural collective bargaining agreement. Rise, a subsidiary of the multi-state operator Green Thumb Industries (GTI), has been at the center of a prolonged negotiation process, which has now culminated in a landmark agreement ...

LOS ANGELES-- In a bold move that could potentially reshape the legal landscape surrounding psychedelic substances in California, activists are rallying to introduce a question concerning the legalization of psychedelic mushrooms on the 2024 ballots. Spearheaded by Decriminalize California, the initiative aims to garner sufficient public support to facilitate the cultivation, manufacturing, and distribution of ...

LOS ANGELES-- In a groundbreaking collaboration, Cresco Labs, a Chicago-based cannabis company, has embarked on a pioneering advertising campaign with Spotify, the popular music streaming platform boasting over 220 million subscribers. This partnership marks a significant milestone in the cannabis industry, as it leverages the extensive reach of audio streaming services to foster brand engagement ...